86% of healthcare providers, life science companies, and technology vendors use AI technology, according to Forbes. This statistic is a powerful indicator of the widespread adoption of AI technology in the healthcare industry. It demonstrates that AI is becoming increasingly commonplace in the healthcare sector, and that healthcare providers, life science companies, and technology vendors are embracing the technology to improve patient care and streamline operations. This statistic is an important piece of evidence that can be used to illustrate the potential of AI in healthcare, and its importance in the industry.

One significant medical coding automation benefit is its ability to detect and prevent fraudulent healthcare activities, such as upcoding or unbundling, leading to cost savings and improved quality of care. Artificial Intelligence can analyze large amounts of data and identify patterns indicative of fraudulent activities, such as duplicate claims, billing for unnecessary procedures, or upcoding. By detecting and preventing fraudulent activities, AI can help reduce errors and improve the accuracy of medical billing and coding accuracy.

Reducing errors and fraud prevention provides significant benefits for healthcare providers and patients. For example, patients can trust that they are only charged for necessary and appropriate medical services, while healthcare providers can avoid costly fines and legal actions.

AI can eliminate the repetitive tasks that are easier to accomplish, bringing more efficiency to coders and auditors, according to an industry expert.

AI-enabled technology can summarize large data sets stemming from hundreds of pages of medical records, which a human would have to parse to code an encounter accurately.

“The tool can help summarize and give you a snapshot of what happened through the entirety of that admission by quickly capturing the diagnosis and identifying where in the documentation it came from,” the expert elaborates “Staff can then quickly go to those areas without reading hundreds of documents. That is a game changer with time and efficiency. That is going to enable your humans to make better decisions quicker.”

That is the key to implementing AI in medical coding and billing; technology must complement the professional’s workload and workflow. Coders and technology need to develop a synergy.

With the aid of innovative AI solutions, medical coders can now do their tasks quickly while concentrating on their quality. Medical coders can acquire new skills and stay current with the industry's shifting trends by adapting to this technology.

Worldwide, the use of AI has accelerated industrial progress and had a beneficial effect on the healthcare sector. To better grasp how smart machines function, medical coders might think about picking up some new skills.

While the usage of AI appears to be growing unabatedly, it's simple to forget our importance in a workplace where this technology is poised to be king. However, these technological advancements serve to highlight the traits that set human capabilities apart from those of computers. Human imagination, wisdom, and contextual awareness are essential to the success of AI.